|Day's Range||26,013.359 - 26,238.730|
|52 Week Range||24,540.631 - 33,484.078|
The pound jumped as the British prime minister vowed to fight a challenge to her leadership. U.S. equity futures and European shares climbed following big gains in Asia after the chief financial officer of Huawei Technologies Co. was granted bail and President Donald Trump said he’d consider intervening in the case if it helps get a trade deal with China. In the U.K., markets took news that Theresa May will face a vote of confidence from the Conservative Party she leads in stride.
London’s FTSE 100 added 1.3 per cent, with Frankfurt’s Xetra Dax 30 up 1 per cent and the Europe-wide Stoxx 600 up 1 per cent. Miners led, with hopes for improving trade relations soothing fears on the outlook for global growth.
(Bloomberg) -- The power of news headlines is back, and a renewed dose of trade optimism is finally lifting Asian stocks from a six-week low.
It’s all eyes on the Pound as talks of a vote of no confidence hit the wires ahead of a make or break emergency EU gathering tomorrow.
The S&P 500 Index started out strong, took a turn down, then recovered from the day’s lows as key Senate leaders signaled a desire to avoid a government shutdown hours after Donald Trump threatened to do so in a spat over funding for his border wall. Carmakers rose as China signaled it may cut tariffs on auto imports, but investors were cautious about a broader deal. U.S. markets have been whipsawed in recent weeks as traders searched Trump’s tweets for clues about the outlook for trade talks, tried to decide if a stock selloff could prompt the Federal Reserve to pare back rate increases and evaluated economic data that signaled a slowdown may be coming.
While news that top Chinese and American trade officials talked over the phone helped the region’s shares almost erase early Tuesday losses, the MSCI Asia Pacific Index soon headed back in the red. There’s been a deluge of bad news in recent days -- from the unsolved case about the arrest of Huawei Technologies Co.’s chief financial officer to the surprise exit of India’s central-bank governor on Monday evening -- and the optimism seen after the 90-day trade truce between the U.S. and China is far gone. Since Dec. 3, Asian stock markets have already lost more than $1 trillion in market value, with the regional gauge trading at a six-week low.
Following Theresa May’s decision to delay the parliamentary vote scheduled for later today, Brexit and U.S – China trade chatter will be in focus.
The country's ruling Bharatiya Janata Party was also trailing in vote count in three big heartland states in a setback for prime minister Narendra Modi. Disappointing data from major economies including China and Japan have also fanned worries about corporate earnings and factory output, with the Sino-U.S. trade battle clouding the outlook for world growth. "The end game is nigh for Brexit.
Chinese shares pulled ahead on Tuesday after Beijing confirmed it was still in trade talks with the United States, though sentiment remained fragile in Asia as the pound wallowed near 20-month lows on deepening political turmoil over a Brexit deal. Chinese Vice Premier Liu He spoke with U.S. Treasury Secretary Steven Mnuchin and Trade Representative Robert Lighthizer on Tuesday, exchanging views on pushing forward the next stage of trade talks, China's Commerce Ministry said.
Major U.S. indexes finished in the green, buoyed by rallies in Facebook Inc. and Microsoft Corp. The pound tumbled as traders took a grim view of the outlook for the U.K. after Theresa May delayed a crucial Brexit vote. Investors found an excuse to buy the dip Monday after the S&P 500 fell to the lowest intraday level since April, continuing a volatile period for U.S. equities.
The sell-off in global equities deepened in Asia hours after Chinese economic data released over the weekend signaled a further weakening of both domestic and international demand in November. Adding insult to injury, tensions have ratcheted up after the arrest of Huawei Technologies Co. Chief Financial Officer, with China’s Vice Foreign Minister having summoned the U.S. Ambassador to China in a protest over her capture on Saturday. Australia was the worst performer in the region with Japan’s, whose economy shrank more than forecast, while China’s stocks dropped with the offshore yuan weakening for a fourth day.
A shift in sentiment towards FED monetary policy and trade war jitters pin back the Greenback as the markets prepare for the next Brexit saga.
Asian shares were mostly higher Friday after gains on Wall Street, but investors continued to watch for news about U.S.-China trade friction.
Stock markets in Asia were little changed in overnight action following a wild day on Wall Street that saw the Dow recover from a sharp slide at the open to end nearly flat. Stocks in Shanghai traded flat, while in Hong Kong the Hang Seng index edged higher. President Trump tweeted Thursday evening quoting a statement from China as saying: "The teams of both sides are now having smooth communications and good cooperation with each other.
Can U.S NFP and wage growth numbers come to the market’s rescue? Some will be hoping for soft numbers to dial back expectations of a December hike.
U.S. stocks clawed most of their way back from a deep slide Thursday that at one point had wiped out the market's gains for the year.
U.S. stocks were poised to fall sharply Thursday, as global markets shuddered over the arrest of a top Chinese tech executive and a fresh plunge in oil prices. Oil prices pared some of their earlier losses but Brent crude remained 2.3% lower at $59.76 a barrel, and West Texas Intermediate futures fell 2.5% to $51.57 a barrel, after Saudi Arabia’s oil minister said there had not yet been any agreement made over oil output cuts. Bleak sentiment in the U.S. echoed that in Europe, where the Stoxx Europe 600 index slid 2.2% in early afternoon trading.
Global stocks slide as investors worry the arrest of a key China business executive will unravel the recently-agreed trade truce between Washington & Beijing. European stocks fall more than 2.2%, the most since the July 2016 Brexit vote, to a two year low as investors eye bond market developments alongside U.S.-China trade tensions. Oil drifts lower on demand concerns ahead of OPEC meeting in Vienna where production cuts of as much as 1.3 million barrels per day are expected to be announced.
Asian stock prices fall Thursday, led by tumbling tech stocks, following the arrest of a senior official at Chinese telecom equipment maker Huawei that could derail progress in China-U.S. trade talks.
The US S&P 500 tumbled as much as 2.9 per cent at one point, sending investors scrambling for safer assets, but clawed its way back to end the day off 0.2 per cent. The Dow Jones Industrial Average closed down 0.3 per cent, after falling as much as 3.1 per cent, while the Nasdaq eked out a 0.4 per cent gain by day’s end. The turbulence sent investors scrambling for the safety of highly rated government debt, pushing the 10-year Treasury yield down to a four-month low of 2.82 per cent, before settling at 2.90 per cent, down 2 basis points for the day.
Renewed worries over US-Chinese trade relations and steep falls for oil prices ensured another turbulent session for global stock markets. The Dow Jones Industrial Average fell 0.3 per cent but the tech-heavy Nasdaq Composite ended with a gain of 0.4 per cent.
The regional gauge fell 1.8 percent, heading for its biggest daily plunge in six weeks as markets from Tokyo to Hong Kong and Mumbai sank. In just three days, the rally seen last week in anticipation of Presidents Donald Trump and Xi Jinping’s trade discussions has more than vanished, with Asian equity values taking their losses from a January high to $6.2 trillion.
China-focused stocks were the among the worst performers in the region on Thursday after the arrest of Huawei's chief financial officer in Vancouver reignited concerns about US-China trade tensions. The ...
U.S. stock market futures tumbled in early trading Wednesday night, signalling potential Thursday losses on Wall Street, after Canada arrested a top executive of Chinese telecom giant Huawei Technologies at the request of the U.S., a move that is seen as exacerbating tensions between the U.S. and China. Dow Jones Industrial Average futures were down more than 300 points Wednesday night, off more than 1.4%. S&P 500 futures and Nasdaq Composite futures were also down more than 1%. CME Group, the world's largest futures exchange, intervened with circuit-breakers to avoid worse losses, implementing several 10-second pauses and accepting only limit orders in hopes of "preventing even harder moves." Asian stock markets fell as well, with Hong Kong's Hang Seng Index down more than 2%. The U.S. is seeking extradition of CFO Meng Wanzhou over alleged violations of sanctions against Iran. The move could reignite simmering trade tensions between the U.S. and China, and one expert warned China could retaliate against U.S. executives.